you know you. had been given a license to kill. villages villages the houses the mud houses. sometimes the. rest and then you see these alive so who have the. children for a country for profit. how can you smile. the news making headlines this hour on r.t. international a small english telling gets a shock to run and gun streets appear in the public in. the united states. russia space agency saying the center of calls the failed rocket launched last

month in which the crew safely objected. western officials on athletes accused the world doping agency of damaging things or for its decision to reinstate russia. tell you want if you'd like to know more on all of those stories plenty more besides r t dot coms got you covered stay with us though for the financial news only max. i am asked eyes are welcome because a report thirteen hundred yeah i know i look pretty spiffy that's because we're shooting gonzo american pilgrimage yeah we're back on the road soon to be artsy first ep episode airing in the summer it's going to be awesome we've been shooting

all day in the desert red rock thing is basic yes we're in las vegas those are the mountains behind us i think the sierra nevada red rocks certainly and you know of course it was las vegas where we saw the last great tragedy of a mass shooting dozens and dozens of people killed of course while we've been on this journey there are more mass shootings more mail bombings or at least fake mail bombings and it's been a pretty horrific journey while where in the past few weeks in american history i'm trying to decide whether the craziness factor is ratcheting up or whether it's staying somewhat constant to me it seems like things are getting crazier every week every month and i can't even keep track of all these shootings and and fake mail bombings and everything is kind of bleeding into one another and it just seems like a parallel life out there but i know everyone's really kind of nervous i know the security analysts vegas is very high there are checkpoints everywhere there's all

kinds of double duty cops and there's we had i guess mike pence was here earlier visiting and there was a huge security detail for him so just as greater lines everywhere and so you just you know up feeling like you're in this very very very long line is always a long line and how much longer can the lines get before things just totally break down i don't know but it feels like if either we're being descents has ties to all these mass shootings or it's like nonstop p.t.s.d. it's just it's it's it's horrifying to. look at. so we're going to turn to some financial news because that's what we cover chis report market finance scandal and it's perhaps just says. it's a little bit light relief i think as why i think that ugly october in stocks was just a preamble crybabies on wall street are already clamoring for the powell puts allegedly

you know markets are down there been falling in october a while we've been traveling across the country i didn't even really notice this but. you know market participants are once again very terrified very scared calling for the fed to put put put a put another they're going to help us with more free money we can't stand taking actual risk we're bankers we just like profit we like risk to do is leave everybody you know at the same time i saw barack obama is campaigning on the stump and he's like this great economic recovery in stock markets all due to my efforts which of course is false just to correct the record barack obama printed about sixteen to seventeen trillion dollars for his banking buddies with the help of timothy geithner and he simply glossed over the problems and made it possible for the wealth and income gap to skyrocket so now you have the greatest concentration of billionaire wealth ever that's thanks to barack obama bailing out the banks a set of the actual debtors so we had to suffer of this enormous dislocation in the

economy getting back to the top of the show you talk about all the violence emerging coast to coast and i have a lot to do with the fact that many people america millions of people feel disenfranchised thanks to barack obama's policy of bailing out i mean it's not like . well i think it's just like you know science ability it just happens upon cheney asleep and happened or it happened because a george w. bush happened because of ronald reagan and bill clinton. makes a decision not to balance the debtor's and make historic unprecedented move to bail out the creditors but it was the slippery slope to what we have today ok but in the u.k. they also did that and they don't have mass shootings there so there is like disconnect there's something going on here and that's another story but i want to talk about what's going on in terms of the markets falling just to put it into context because the bankers themselves are acting very extreme and they're all scared and they're asking the fed to help them out the dow was actually well behaved in october f.l.

about three percent for the entire week and is about flat year to date nothing special the dow is only eight point four. went off its peak and compared to a year ago it is still up five point four percent it's not a crime for stocks the flat year to date stocks might actually be down for the year and they might be down for years but people have forgotten and younger people have never experienced that in their life after a decade of blatant market manipulations by central banks they have created the centrally planned everything bubble that is now gradually deflating it oust rick lot of the show from gold money he spoke about the credit cycle turning interest rates were going down for more than thirty five years he postulates that interest rates are starting to go up that means that we're not just heading into a situation where the fed can bail out stocks because the situ in a situation of five or ten or years or more of rising interest rates like the seventy's where you had year over year declines of stocks for a whole decade practically number one number two to say that the stock market

is not overvalued to begin with is is erroneous because if you strip out all the stock buybacks with all the free money given by the fed and if you were to strip out all of the kind of financial engineering that again isn't enabled by the fed and if you strip out the four or five technology stocks that make up the bulk ninety percent of all these games for the last ten years if you take away the top ten performing technology stocks and the stock buybacks the stock market would not have made any move at all for ten years at all for ten years that's all been artificial it's all been lubricated by free money and by the old compositionally ny state's economy by amazon apple facebook that have destroyed the better playing field and open the groundwork for what we're seeing now which is total and utter collapse well it's not our collapse yet that's what will for sure assumes that it's going to fall by the way michelle also said on his blog that you know markets can

have another five to ten years going down now and this is this could just be the beginning. but in particular wolf looks at one sector that. really went. boom boom boom be under trump the trump you know explosion and stock markets was the property and the building sector so he looks at that in particular and looks at how bad that has done in october especially as the rhetoric meets reality that the free money isn't actually coming because remember they all bet on that one point five trillion dollar spending plan infrastructure spending plan he talked about on the campaign trail but that never actually happened so building in construction stocks surged by fifty percent after the election and hopes for a mega construction boom based on the story of a one point five trillion dollar infrastructure plan much of that one point five trillion would be distributed to these companies that was the height when markets realized that this was a head fake these stocks started to crash so he takes

a look at the power shares dynamic building construction e.t.f. which is plunged thirty percent since january twenty third and is back to where it had been right after the election this shows the trump bump in operation soaring on wall street hype and crashing on reality is the hype and there is the reality right construction stocks and housing stocks are hyper inflated but is it going to be like the subprime crisis that ignited the two thousand and eight crisis no probably is going to come from something like the student crisis student loan crisis one point five trillion in student loans non-recourse loans are going to start defaulting on mass corporate debt defaulting on massive junk bonds defaulting on masto set off the next global financial crisis the extension of the two thousand and eight global financial crisis the global financial crisis was the beginning of a global economy that was kept to alive through transfusions of cash administered to an economic corpse the global economy has been dead since two thousand and eight

and through the transfusion of a lot of money it's been animated and kept alive and looked like something was going on there but now those transfusions of cash. are ending because interest rates are going to start ticking up so now the rotten stinking corpse of the global economy is going to start smelling really bad people are going to start bailing out of stocks technology stocks housing stock. semiconductor stock yeah right this is like sell sell sell sell sell sell sell and then of course you could have market down twenty thirty forty fifty sixty percent and then it'll still be in a long term bull market that stock market can drop sixty percent and the long term multi hundred year trend would still be bullish you could still have a sixty percent drop and still have a bull trend going back one hundred years keep that in mind many in the audience watching this many participants in the stock market you know retail apps the ordinary investor. listening to people like you and alistair macleod or peter schiff or michelle a lot the older guys who remember some of what

a bond market with rising interest rates looks like when i don't if there was a bond move down had a bond collapse in ninety four and it was a bomb ass massacre in ninety four the financial crisis in the late one nine hundred ninety s. you had of course dot com as of two thousand you had this awkward crash which i remember well because i was working on wall street one hundred eighty seven and we're overdue for a major crash the only question is where it's going to come from is probably going over the junk bond market the corporate bond market that will crash horribly and that was set in motion the contagion will see a major bank probably going to bank declare bankruptcy the fact is most people don't believe this is ever going to happen because. you guys have warned that this is what it will look like but nobody has a memory of that nobody has a memory of what it could possibly look like because they do believe in the greenspan put the bernanke he put the janet yellen put and now the power they do believe that the fed can come to the rescue because that has happened over and over because you mentioned the things that have happened like the one thousand nine hundred four bond market sell off and then what happened the fed came to the rescue

didn't they because things resumed interest rates resumed down you could always roll over your debt you could always accumulate more debt and remember the mantra is always that it doesn't matter how much debt we all have because it's our servicing how much it costs a service that debt and that servicing the debt keeps on going down other than for the u.s. government remember we showed that a few weeks ago where because they accumulate so much debt even despite low interest rates they're servicing costs are going up every airline servicing cars for us just a half a trillion and rising and if their interest rates rise by one or two percent then america technically is insolvent and look a man the predictions of a bond market collapse you know for last three or four years and so when peter for myself or others say bonds or by the collapse they don't collapse you know people are saying they're you know desensitized to this information and they don't believe it's ever going to happen but the thing about the fed is that can only control short rates they can't control long rates and here's the difference between this

crisis of the previous crisis is that it's going to be a u.s. dollar crisis and what i mean by that is people around the world like china russia and others are going to lose confidence in the u.s. dollar the u.s. dollar once it loses confidence by these other countries the u.s. dollar will crash and that will be something that the humpty dumpty won't be able to be put back together again because china and russia have been buying gold hundreds and hundreds and hundreds of tons of gold and raiding and they're preparing for a u.s. dollar collapse and loss of confidence in the u.s. dollar and the fed can't do anything about that and they can't do anything about ten year twenty or thirty year rates they're completely impotent when it comes to managing long rates and if the cycle has turned and credit cycle is go. going to go negative there's absolutely nothing you can do it's like spitting into the ocean you can't stop the tonic plates of financial market mr market will always prevail mr market always prevails you can just see power whatever the fed chairman's name is robert powell her own path to room powell you know he is he has

nothing he can't stop it we have pointed out here in order at least many of our gas have is that one thing that will be different when this next crash comes and it does come because we only do boom and bust now. they get more and more compressed but the thing is that the central banks have always coordinated together and to respond to a financial crisis so i think perhaps you know with china emerging as such a giant economic force and an economic power whether or not that they considering how much gold they have and we don't know nobody knows for sure how much gold they have they might just be happy for it all to disappear is chinese population has been purged by gold yet it is waiting for the dollar collapse and under trump administration there is no cooperation most central banks now he's de globalization yet and he's written a zero mercantile ization and there's going to be no cooperation to me all for against all right and the u.s. dollar sitting there with like shooting blanks that the u.s.

dollar is like bang bang bang nothing coming up with confetti and china and russia they're like. we've got all the gold. well much more coming away after the break don't go away stay right there.

given the way in which the last terrorist attacks were proclaimed structured using european logistics you can say there's a certain desire to change the way of life change to society in france. room. welcome back to the kaiser report maximizer time not to go to bill barr id's the c.e.o. of. bill thanks for coming up my pleasure thanks for having me yeah we're all here in los angeles and hi this is los angeles you're here in los angeles and average. a wallet right if you're trying to while it's just describe briefly the product to

the people yeah so average is really easy to use crypto while it's meant for the retail investor we have users in like a hundred countries around the u.s. but spreading quickly throughout the world allows you to hold up to thirty crypto currencies as investment contracts in the apps like invest in ripple. white korean recording cash. g. all of them basically all the big ones anyway through the f. you can exchange between them in real time you can use your bank account to get money you know to be out in dozens of countries u.s. europe singapore canada etc. and the number of countries we support for bank united growing all the time and now we're working on adding more investment classes to the app so the first thing that we're focusing on is index products yeah so this is a new product and this is this thing because this product is kind of been developed in parallel as folks have been trying to launch an e.t.f. on wall street's right and i know you are scheduled to do

a talk recently called w.t.f. the s.c.c.a. or something to that effect in other words it's all full steam ahead it's kind of like an e.t.f. tell us about it yeah so the average index token is exactly that it's one of these investment contracts in iraq that looks and smells like e.t.f. but is actually a big coin collateralized contract which is really cool but that mean that english is getting investment exposure to eighty percent of the cryptocurrency market in one token using big coin to do that contract for me and that includes all of the top ten kryptos in partnership with a company called big. wise bit wise is creating effectively with looks like an e.t.f. for institutional investors large accredited investors abbott took their investor methodology and applied it to our retail contract so it rebalances every month you get all the benefits of what they're doing but with as low as five dollars investment in the apparatus and you can even take some of your ripple for example and convert it to the index corner you can take some of your index corney convert

it back to big court and say it's not quite as the unit of account that's right for our a and everything abbott does so you're already well down the path of hyper bit quantization we have no plan b. we are all in on the court at agra right this idea or way of the future now you know everyone is a big client space is quite fascinated by how the old line mainstream economists are freaking out and i saw you recently on pound nuria roubini and you know he occasionally starts becoming outraged and he's like a rageaholic or something seems unhedged well you know and i you were on stage with them and you're just making an eminent sense just going over the basics there what is going on with people like nouriel roubini and paul krugman what why are they having these breakdowns well i think first of all you've got to put it in context right i mean he's an old school economist who's trying to have an up to date modern brit so by attaching him to the crypto space which is not an expert in and being being the naysayer it allows him to have a modern brain which he propagates on social media unfortunately now that having

been said some of the points he makes about where the quote is from a scalability perspective i think you can actually have if you wanted to an intelligent conversation about those things be chooses not to do that he just uses nonsense in earth because there are areas that are you can be critical ah but he chooses not to focus on any of those and he instead he goes with his broad strokes on areas that are completely off base right nor does he understand or make the case that all technology improves exponentially over time right because at its core is simply software and of course the software is going to be radically better ten years from now. just like it's better now taking from ten years ago right here nobody in his world seems to appreciate that just like truman didn't appreciate that the internet itself was going to scale up better twenty years later then he did when he was comparing to a fax machine yeah exactly rubini completely missed the significance of the answer not just like paul krugman completely missed the significance of the era now also the east columnist tend to be fall in the category kings eons where they love to

spend other people's money they're not really advocates of hard money right and they are accountability and reason with when bitcoin it is the hardest money ever occur according to safety now most of his book his book the big point standard of it's a task but yet he calls it the hardest money ever yeah speak about them well because i think that's something that's very important these days of hyper inflated deficits and fragility to the global economy right i use this concept in my talks about why it's time for a new commodity standard globally right it is specially if you look at what q.e. one two and three have done to the hyperinflation of the u.s. dollar and you compare that to the hyperinflation of currencies that have been hyper inflated out of existence right like the venezuelan both are i mean i have to say that those charts look eerily similar right now my saying that i guarantee that the u.s. dollar is going to go away imminently but it's not looking good i mean you can only

hyper inflated currency so far before people realize hey you could create ten x. where the which used to have something in theory it should be worth ten x. less than what it used to be and that's what we're blindly doing with the u.s. dollar it makes no sense at some point right paul krugman argues that well the sea agrees the dollar is not backed by anything except the pentagon right and but that trick doesn't work all the time eventually run out of countries to bomb iran to a country that you don't really don't want to bomb could be a russia for example. or china where they might reject the idea of being bombed to support the oh i don't think our government sees the dollar as hard money i think they see it as as the center point for a managed economy right now it's even worse because to me what are the ethics of passing on debt to great grandkids who aren't even born yet so if you want to call it the center of a marriage economy what it's like hartley nobody in their right mind can call the u.s. dollar in government got money hard money right so if that's the case who gets to

side with the ethics are a passing aren't trillions or whether in the next hundreds of trillions of debt on to people who aren't born yet should be right they don't save and give that any thought not that they're just the data stacking up so in crypto you have two things going on in this i think listen a lot of people who got technology and economics right and it's a revolution in both simultaneously it's right that's where we get lost because you have critics on both sides who are misinformed and they get lost in the middle so you came to the space really did you come to the space oh god i've been working in this kind of world for thirty years i was a cryptographer at the cia i was a quantico woman and i worked on what a fixed income stuff which helped me at abbey road to design the kind of the synthetic currency using recording i worked on certificate authority projects at netscape in the big manti's when we created s.s.l. rights only jump in there for science you know people say oh you know the internet was born when the netscape moment that skate went public and suddenly the browser

was born and all that could that was part of that it gave became that i'm going to bolt has big point had that netscape moment is agra that that netscape moment is to extraordinarily easy apple you know while it you can get into crypto wallets are kind of like to the crypto what browsers are the internet it's your gateway into dow is this is this going to be that the gateway to take us into that netscape moment the admiral while i hope so let me give you two perspectives on that one is ease of use of course but the second is what is because of its core relative to how people are. when to use hard money in the future i see big coin is t.c.p.-ip for money a lot of the types of investments in banking applications that people will do with average three four years from now they won't even know they're using big point right so they're going to make payments invest in stocks commodities even whole you know not hard money like dollars all using because so the netscape moment will come when there's easy to use apps that hide the complexity of private public keys to

the consumer in the background and enable really simple retail basing applications brocker said something interesting that big quiet it's the protocol versus the internet works we're really bunch of apps writing on the protocol what they call in the protocol is leading the revolution chase it became first right i mean in one thousand menu one you had to install it the c.p.p. t.c.p. ip stack on a windows computer in order to use the internet so you had to know something about it today nobody knows that they're using it and i think that's what's going to happen to big court over time right so becomes imbedded and you're really unaware of it and it's running the underlying economy institutional investors will still drive liquidity right which is what we need for absolute average we need to be liquid in one hundred fifty countries for average to work correctly but the consumer doesn't have to understand that they just know that it works in our app store an investment contract in a stock or in dollars or whatever asset they're holding here at the headquarters of the kaiser pari now we're doing

a special project we're traveling across the country a project called gonzo and we are spreading the word of crypto and we're spreading kind of the word of hard money and we're taking a look at the america what makes it tick you know the the freaks the charlottes and the geniuses the flim flam man you know is donald trump an aberration or is he actually a reflection of who america for it is right. now we need we need we're going to be looking for folks to come onboard and get give us a little bit of a sponsorship we'd love to have average come on board it would. would you consider that absolutely look i mean i think that part of my job as c.e.o. right is to evangelize the fact that we need a new commodity based standard to manage the next generation of stored value investing hard earned money or wealth in some way the average public doesn't understand that money is money is a government managed economy it is not a hard money in any sense of the word if we can educate the next generation

consumer that this opportunity exists right that is something that we want to be a part of i'm dedicating a big chunk of my life around to evangelizing wisconsin yeah we're on the road i'm gonna dance evangelizing white soon there you go here that's a promise let's push this hard money message on the streets anywhere i can go amen brother get it out there to convert people now have to be on the journey but you may have to double up because you're a small close area like pumping gas and stuff like never whatever it takes her and i hope you know what the catering i've got to start as i speak to floors so it's all good excellent well bill bar i saw the app is after app you can do the apple store own app store logical place to or right at the top the charts and banking it's doing really well so it's easy to find yeah that's true download right to download and easy to sign up yeah yeah actually you can start using the app

without even providing any your personal details you can deposit because if you have it it doesn't even ask you who you are and so you want to your bank details call and then so the product the new product is the i ten or the bit ten that bit ten so you get it because it's the top exposure to eighty percent of the entire market with a one with essentially one investment one best is like an index and just a bit ten so while that sounds freaking awesome we're going to try to get as many people in to address possible i call it you get you one hundred thousand new users thank you what's doing about that i think is fantastic all right well that we had run out of time thank you. because your point of pleasure all right that's super well that's it for this edition of the kaiser permanente max kaiser as they see her and i think our guest is the c.e.o. of abba johnny cash on twitter at kaiser reported so much.

you know world of big part of a lot of things and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. relationship banks butts recommend trouble couples to keep talking to each other this advice would also apply to president putin and president trump on the eve of the second meeting is it enough to fully u.s. russia relationship out of crisis.

did the study bellow that moment and then when i did i mean it letting us know. about. prince and read my hands in our blood from paper cuts of exploding from forced upon features. i'm going to amend it isn't what you need last month i turned the heat up. and i looked at a young guy about the mirror drawing board and he said the drawing to him. did get the. children. for country. for profit. for yourself. how can you smile. killing has become just like a video game joysticks what the targets and with a simple press of a pots and and.